Calgary, Alberta is known as one of Canada's most prosperous and dynamic cities. As a result, it has become an increasingly popular area for real estate investors who are looking to get in on the thriving market. With a variety of neighbourhoods to choose from, here are some of the top neighbourhoods in Calgary for real estate investing.
Beltline:
The Beltline is a trendy neighbourhood located just south of downtown Calgary. It offers easy access to the city centre, as well as a plethora of shops, restaurants, and entertainment venues. The neighbourhood is particularly attractive for young professionals and students, as it is home to several post-secondary institutions. With a mix of new developments and older character homes, Beltline properties offer a great investment opportunity.
Bridgeland:
Bridgeland is another popular neighbourhood located just north of downtown Calgary. Known for its charming character homes and tree-lined streets, the area has undergone significant redevelopment in recent years, bringing modern amenities and upscale condos to the area. With easy access to downtown, Bridgeland is an excellent choice for real estate investors looking for properties with potential for appreciation.
West Hillhurst:
Located in northwest Calgary, West Hillhurst is a quiet neighbourhood that offers a small-town feel within the city. With a mix of newly constructed homes and character properties, West Hillhurst manages to retain its heritage charm while still offering modern amenities. Properties in this area tend to hold their value well and provide a solid return on investment.
Altadore:
Altadore is a popular inner-city neighbourhood located in southwest Calgary. Known for its proximity to Marda Loop, an area renowned for its boutique shops, cafes, and restaurants, Altadore is particularly attractive to families and young professionals. The neighbourhood offers a mix of newer and older homes, making it a good option for both short-term flips and long-term investments.
Crescent Heights:
Crescent Heights is a diverse neighbourhood that offers residents easy access to downtown Calgary. Located just north of the Bow River, this area has seen significant redevelopment in recent years, resulting in a mix of new and older homes. Crescent Heights offers investors an opportunity to capitalize on the area's growth and redevelopment potential.
Hillhurst:
Hillhurst is a trendy neighbourhood located just northwest of downtown Calgary. Known for its trendy shops, cafes, and restaurants along Kensington Road, Hillhurst is an attractive option for young professionals and families. With a mix of older character homes and newer developments, the area offers a variety of investment options.
Inglewood:
Inglewood is Calgary's oldest neighbourhood and is located just east of downtown. Known for its quirky shops and boutiques, the area has experienced significant revitalization in recent years, making it an attractive option for real estate investors. Properties in Inglewood tend to be more affordable than other inner-city neighbourhoods, making it a great option for first-time buyers and investors.
Mission:
Mission is a desirable neighbourhood located just south of downtown Calgary. Known for its trendy shops, restaurants, and cafes, Mission is particularly popular among young professionals and couples. With a mix of new and older properties, Mission offers a range of investment opportunities.
Sunnyside:
Sunnyside is a charming neighbourhood located just north of the Bow River. Known for its tree-lined streets and character homes, the area has become increasingly popular among real estate investors in recent years. With easy access to downtown and trendy Kensington Village, Sunnyside is an excellent option for those looking for a balance between city living and suburban charm.
Richmond:
Located in southwest Calgary, Richmond is a diverse neighbourhood that offers access to both downtown Calgary and the Rocky Mountains. With a mix of older homes and newer developments, Richmond provides real estate investors with a range of investment options. The area has seen significant growth in recent years, making it an attractive option for those looking for a neighbourhood with potential for appreciation.
In conclusion, Calgary offers a range of neighbourhoods that are attractive to real estate investors. Whether you're looking for inner-city charm or suburban living, there is something for everyone in Calgary's thriving real estate market.